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Hxlaw
Hxlaw
$SHELL SHELLUSDT is having a strong breakout signal on the 1H frame when the price increased by nearly 10% with the explosive volume. After a period of accumulation around the area of 0.0350–0.0360, buyers pushed the price beyond the entire short-term MA and approached MA120, indicating that the short-term uptrend is confirmed. The strong increase candle with large liquidity shows that the cash flow is returning quite clearly. If it stays above the 0.0375–0.0380 area, SHELL is likely to continue to test the resistance area of 0.0395 and further to 0.0410. The near support is at 0.0360–0.0365, this is a region that can be bought again if the retest price is successful. However, after a strong pump, the possibility of short-term shaking will appear, so avoid FOMO at the top of the candle. The current suitable strategy is to wait for retest or enter orders with strict capital management, prioritizing to keep when the volume is still active.

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